I do believe demand is in a much better shape than we feared before and already expected right now, all kinds of signs of demand being above expectation are already in place. Especially in the U.S., where we had a real boom in registrations of pickups and SUVs and everything else.

Eugen Weinberg

Categorized in : Energy

In order to avoid a price slide and a massive inventory build, OPEC+ would need to implement further voluntary production cuts, the challenge facing OPEC+ is thus likely to become even bigger next year, maintaining the pressure on the oil price.

The sentiment is still quite negative and depressed on oil prices, there are factors which should be supportive, but at the moment I think there is no single (piece of) news which would convince the bears that the decline is over.

The market is massively oversupplied, this rally doesn't have str... by Eugen Weinberg

The market is massively oversupplied, this rally doesn't have strong legs.

We expect both prices to rise next year, a short-term slide can't... by Eugen Weinberg

We expect both prices to rise next year, a short-term slide can't be excluded.

We are confident that the incipient decline of production in the United States will herald a long-term and fundamental bottoming out process on the oil market.

We are also hopeful that OPEC will agree on a stricter quota disc... by Eugen Weinberg

We are also hopeful that OPEC will agree on a stricter quota discipline at its December meeting.

The market is expecting the tightening in the second half of the year, we argue this dynamic is hardly fundamentally sound.

We are in an oversupplied market, and this oversupply is unlikely... by Eugen Weinberg

We are in an oversupplied market, and this oversupply is unlikely to disappear any time soon.

We think the market is already reading too much into this, the pr... by Eugen Weinberg

We think the market is already reading too much into this, the price action is premature.